Notable Dividend Flow: Will Dec 15, 2016 be the day Crescent Point Energy Corporation (NYSE:CPG) makes dividends of $0.02?

Notable Dividend Flow: Will Dec 15, 2016 be the day Crescent Point Energy Corporation (NYSE:CPG) makes dividends of $0.02?

Crescent Point Energy Corporation (NYSE:CPG) is expected to pay $0.02 on Dec 15, 2016. The indicated annual dividend is $0.27. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Crescent Point Energy Corporation’s current price of $11.80, the dividend is 0.19%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 15, 2016. The stock decreased 3.91% or $0.48 on November 25, hitting $11.8. About 563,316 shares traded hands. Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) has declined 29.17% since April 25, 2016 and is downtrending. It has underperformed by 35.19% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.53 in Q2 2016. Its up 0.23, from 1.3 in 2016Q1. The ratio increased, as 17 funds sold all Crescent Point Energy Corporation Ordinary Shares (Canada) shares owned while 52 reduced positions. 30 funds bought stakes while 60 increased positions. They now own 183.37 million shares or 3.62% less from 190.26 million shares in 2016Q1.
Stevens Capital Mngmt Lp accumulated 0.07% or 103,480 shares. Comerica Bank & Trust reported 56,671 shares or 0.01% of all its holdings. The Manitoba – Canada-based Ig Investment Mngmt Limited has invested 0.13% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Manufacturers Life The holds 0.09% or 3.77 million shares in its portfolio. The Texas-based Sunbelt Inc has invested 0% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Omers Administration Corp accumulated 0.02% or 70,700 shares. The Ontario – Canada-based Sprott has invested 0.37% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Counsel, a Ontario – Canada-based fund reported 320,000 shares. The New York-based Ingalls And Snyder Ltd has invested 0.09% in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG). Commerzbank Aktiengesellschaft Fi, a Germany-based fund reported 74,945 shares. Waratah Limited accumulated 385,004 shares or 1.24% of the stock. Addenda Capital has 1.18% invested in the company for 897,731 shares. Allianz Asset Management Ag has 0% invested in the company for 180,654 shares. Springbok Lc owns 1,976 shares or 0% of their US portfolio. Dimensional Fund Advsr Lp holds 0.03% or 3.29M shares in its portfolio.

Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) Ratings Coverage

Out of 4 analysts covering Crescent Point Energy (NYSE:CPG), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $28 is the highest target while $21 is the lowest. The $28 average target is 137.29% above today’s ($11.8) stock price. Crescent Point Energy has been the topic of 7 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, November 11 by Dundee Securities. The firm has “Buy” rating by UBS given on Friday, August 14. The company was upgraded on Friday, July 22 by Barclays Capital. The stock has “Equal Weight” rating given by Barclays Capital on Wednesday, July 22. Barclays Capital upgraded Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) on Thursday, October 29 to “Overweight” rating. The stock of Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) has “Neutral” rating given on Friday, September 9 by Dundee Securities.

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